Haverty Furniture Companies (NYSE:HVT) Stock Rating Reaffirmed by Benchmark

Haverty Furniture Companies (NYSE:HVT)‘s stock had its “buy” rating restated by research analysts at Benchmark in a research report issued on Thursday, Benzinga reports. They presently have a $45.00 price objective on the stock. Benchmark’s price objective would indicate a potential upside of 60.26% from the stock’s previous close.

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th.

Haverty Furniture Companies Price Performance

Haverty Furniture Companies stock traded down $2.93 during mid-day trading on Thursday, hitting $28.08. The company’s stock had a trading volume of 87,101 shares, compared to its average volume of 100,556. Haverty Furniture Companies has a 52-week low of $25.05 and a 52-week high of $37.05. The firm’s 50 day moving average is $32.25 and its 200 day moving average is $32.51. The company has a market cap of $453.49 million, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.10 and a beta of 1.54.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.06). Haverty Furniture Companies had a return on equity of 18.36% and a net margin of 6.53%. The company had revenue of $210.74 million for the quarter, compared to analyst estimates of $230.06 million. As a group, analysts forecast that Haverty Furniture Companies will post 2.34 EPS for the current year.

Institutional Trading of Haverty Furniture Companies

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position in Haverty Furniture Companies by 82.2% during the first quarter. BNP Paribas Financial Markets now owns 20,694 shares of the company’s stock worth $706,000 after acquiring an additional 9,335 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Haverty Furniture Companies by 179.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock valued at $324,000 after buying an additional 6,101 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Haverty Furniture Companies by 19.0% during the first quarter. Assenagon Asset Management S.A. now owns 70,422 shares of the company’s stock worth $2,403,000 after buying an additional 11,244 shares in the last quarter. Denali Advisors LLC lifted its position in shares of Haverty Furniture Companies by 61.1% in the 1st quarter. Denali Advisors LLC now owns 56,400 shares of the company’s stock worth $1,924,000 after acquiring an additional 21,400 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Haverty Furniture Companies by 1.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock valued at $2,071,000 after purchasing an additional 907 shares during the period. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.